Today, Netflix will forego the traditional conference call format for its earning call. As noted in this article, the company instead will host a live streaming video on its IR web page that will consist of an analyst and reporter asking management questions. These questions will be pulled from a pool of questions sent in advance by email and via Twitter. So this format is partly Warren Buffett inspired (reporters asking questions submitted by others) and partly inspired by Zillow (questions sent in via Twitter). As you will recall, Netflix’s CEO Reed Hastings has been at the forefront of leveraging social media – resulting in the SEC’s Section 21(a) report on social media.
This follows Yahoo!’s earnings call, which was conducted via video last week, as noted in this WSJ article and IR Magazine piece. Here’s the forward-looking disclaimer for the video. Yahoo! live-tweeted the call – as well as posted pics of CEO Marissa Mayer getting ready beforehand.
It will be interesting to see if this concept of leveraging video catches on with other large or media companies…
Check out this cool Expedia’s quarterly earnings infographic.
SEC’s Inspector General Issues Two Reports on Rulemaking Economic Analysis
With cost-benefit analysis of rulemaking continuing to be a hot topic across the federal government – particularly the SEC – it is noteworthy that the SEC’s IG issued two reports in this area that were posted on Friday. This report concerning the implementation of current economic analysis contains one recommendation – and this report on the current use of this analysis contains six recommendations.
Transcript: “E-Proxy Practice Tips: Five Years Later”
We have posted the transcript for our recent webcast: “E-Proxy Practice Tips: Five Years Later.”
– Broc Romanek